Number of colleges in distress up 70% from 2012
Authors of the report attributed the schools’ challenges to factors including inflation, higher interest rates, the threat of tuition cuts during a recession and declining domestic enrollments.
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U.S. economy headed for downturn in second half of 2023, forecasters say
Economists now see a sharper decline in private investment in the second half of the year than previously projected.
Home construction rise in Marion County bucks area trend
The Indianapolis area continued to see a slump in residential construction last month despite a big jump in single-family building permits in Marion County.
Amazon plans to add ChatGPT-style search to its online store
Amazon.com is rivaling efforts by Microsoft and Google to weave generative artificial intelligence into their search engines.
Economy shows signs of cooling, with easing inflation, higher jobless claims
Applications for unemployment benefits climbed to a more than one-year high and wholesale inflation continued to moderate, adding to signs of softening in the economy.
New EV models drive up North American factory production
In the first quarter, North American factories produced almost 29,000 cars in models that weren’t being manufactured a year ago.
U.S. productivity declines more than forecast, labor costs climb
Quarterly productivity figures are extremely volatile, but if the latest decline is sustained, it risks keeping inflationary pressures elevated.
Eli Lilly says experimental drug slows decline from Alzheimer’s
If approved, Donanemab has annual multi-billion-dollar sales potential. Lilly shares rose 6% in early-afternoon trading.
Workers’ well-being tops agenda at annual shareholder meetings
From Amazon.com to Walmart, investors have filed more than 140 shareholder resolutions this year, pressing companies to address employee-related issues ranging from paid leave and health and safety to abortion access, benefits and labor rights.
Consumer confidence dips to lowest level since July as outlook dims
The figures suggest consumers are turning sour on the economy amid expectations that the labor market will soon begin to soften.
U.S. business activity unexpectedly jumps, risking more inflation
Firms saw new orders jump to the highest rate in 11 months, especially in the service sector. That allowed businesses to pass on higher costs to customers, resulting in the fastest jump in output prices in seven months.
When managers try to be therapists, worker mental health can suffer
While workplaces usually have basic guidelines for managers on how to address issues such as like worker anxiety and depression, few have guardrails in place so they know what not to say.
TSA chief predicts record number of airline passengers this summer
U.S. airline passenger levels this summer are projected to be “comfortably above” pre-pandemic numbers, the head of the Transportation Security Administration said.
Biden set to propose toughest-ever rules on car pollution to spur EVs
Automakers are cautioning that the trajectory for EVs and emission reductions depends on factors outside their control, including investments in charging infrastructure and critical mineral production.
It’s big vs. small as banks square off to avoid new rules after failures
U.S. banks are pitted against each other as regulators move to strengthen oversight after a series of failures undermined confidence in the financial system.
Americans are working less than before the pandemic
The average U.S. workweek has dropped, according to new research. That’s enabled some Americans to emulate their European counterparts and spend more time on leisure and other activities.
Walmart bets on warehouse robots, dangles profit potential
Within three years, the unit cost of moving goods will fall 20% as warehouse robots play a larger role in speeding goods to customers, Walmart said in a statement Tuesday.
Bed Bath & Beyond begins 3-week countdown to possible bankruptcy
Cut off from direct access to its own cash and turning to third-party financing to convince some suppliers to ship merchandise, Bed Bath & Beyond is running low on options to dig itself out of a financial hole years in the making.
Dollar General targeted by U.S. for systemic work hazards
Over the past two years, the Labor Department’s Occupational Safety and Health Administration has issued fines of $12.5 million against Dollar General, the most of any retailer during that period.
Pandemic pet adoptions propel rise of $500 billion global market
A wave of adoptions during the COVID-19 pandemic has created greater demand for basics like food and toys, as well as sophisticated medical care that can prolong a pet’s life.